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Books > Business & Economics > Industry & industrial studies
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Technological Change, the Learning Curve and Profitability (Hardcover)
Loot Price: R2,826
Discovery Miles 28 260
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Technological Change, the Learning Curve and Profitability (Hardcover)
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This accessible book provides a rigorous explanation of the
concepts and theory of technological change and learning in
production. Dudley Jackson offers a thorough integration of theory
and data to show how technological change and learning increase
profitability. The impact of technological change and learning on
the rate of profit are comprehensively explained with extensive use
of 'real world' plant - and industry-level statistics. Data on the
manufacturing industry in the United States is used to explain and
exemplify neutral technological change, or increased multifactor
productivity. Non-neutral capital-using/labour-saving technological
change is then examined using data on the switch from steam to
diesel locomotives in the railroad industry. The impact of
technological change on unit cost and quality is examined in two
case studies: automation in the pulp plant of a paper mill; and the
refining of petroleum to produce gasoline of a higher octane
rating. The theoretical background to, and derivation and use of,
the learning curve is explained using data on the building of
Liberty ships in individual shipyards during the Second World War.
Finally the time constant progress function is introduced to show
how learning increases profitability. This book will be of immense
interest to students of microeconomics, strategic and production
management, industrial organization and the economics of innovation
and technology.
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